Don't HR Alone #56 - Weekly Compliance Update
This Week’s Update,(Aug. 21, 2017)
The U.S. Department of Labor (DOL) has issued a second set of frequently asked questions (FAQs) about the transition period for its fiduciary rule. The new guidance covers:
a “fiduciary status disclosure” issue under the DOL’s ERISA Sec. 408(b)(2) service provider disclosure regulation applicable to ERISA pension plans;
whether recommendations to plan participants and IRA owners to contribute to or increase contributions constitute fiduciary investment advice under the fiduciary rule; and
whether recommendations to employers and other plan fiduciaries on plan design changes intended to increase plan participation and contribution rates constitute fiduciary investment advice under the rule.
Nondiscrimination in health programs.
A federal district court in Texas granted the U.S. Department of Health and Human Services (HHS) a stay on proceedings involving a final rule provision that prohibits discrimination based on “gend